American Express (NYSE:AXP) posted its earnings results on Friday. The payment services company reported $3.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.26 by $0.23, Briefing.com reports. The firm had revenue of $16.64 billion during the quarter, compared to the consensus estimate of $16.68 billion. American Express had a net margin of 15.53% and a return on equity of 32.94%. The company’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.30 EPS. American Express updated its FY 2024 guidance to 13.750-14.050 EPS and its FY24 guidance to $13.75-$14.05 EPS.
American Express Stock Up 1.5 %
NYSE:AXP opened at $285.78 on Friday. The firm has a market capitalization of $205.56 billion, a PE ratio of 23.54, a price-to-earnings-growth ratio of 1.50 and a beta of 1.21. American Express has a 52 week low of $140.91 and a 52 week high of $286.36. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 1.74. The stock has a 50 day moving average of $260.49 and a 200-day moving average of $243.43.
American Express Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Friday, October 4th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Friday, October 4th. This represents a $2.80 dividend on an annualized basis and a yield of 0.98%. American Express’s dividend payout ratio is currently 23.06%.
Wall Street Analysts Forecast Growth
View Our Latest Report on American Express
About American Express
American Express Company, together with its subsidiaries, operates as integrated payments company in the United States, Europe, the Middle East and Africa, the Asia Pacific, Australia, New Zealand, Latin America, Canada, the Caribbean, and Internationally. It operates through four segments: U.S. Consumer Services, Commercial Services, International Card Services, and Global Merchant and Network Services.
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